Barricades block the main entrance to what was once the large rotunda of JC Penney’s headquarters in Plano. Through the windows we see rows and rows of desks that have been cleaned up with signs that say “Done”.
At the end of its bankruptcy case and after not having paid rent on the space for several months, the department store chain quietly left its headquarters.
Penney, which has been reorganizing in bankruptcy since May, declined to comment on its headquarters status. He is behind on his rent but has yet to ask the court to reject the Legacy Drive lease. Penney had a 15-year lease and was paying $ 2.45 million a month in rent prior to bankruptcy.
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